Creating an order on the NiceHash Hashrate Marketplace is straightforward. Still, to achieve the best results, it is essential to follow each step carefully and double-check your details before confirming the order.
1. Choose the algorithm and market
- Go to the Hashrate Marketplace page.
- Select the algorithm you want to rent hashrate for (e.g., SHA256, KawPow, Scrypt, Autolykos).
- Select the appropriate market region (EU or US) that matches your mining pool’s location to minimize latency.
2. Set up your pool connection
- Under My Pools, add or select your mining pool details:
- Pool URL and port
- Your wallet address or worker name
- Algorithm (must match the order)
- Double-check your pool credentials. If any field is incorrect, your hashrate may not generate payouts.
3. Choose your order type
- Standard order: You bid a price per unit of hashrate. The hashrate received can vary depending on market competition.
- Fixed order (business order): You pay a fixed price for a guaranteed hashrate for a set time period. Costs are slightly higher but more predictable.
Select the order type that aligns with your strategy and risk tolerance.
4. Configure order parameters
- Price: The Amount you are willing to pay per unit of hashrate.
- Speed limit: The maximum hashrate speed your order will use (optional).
- Total spending: How much BTC you want to spend in total — this determines order duration.
Before confirming, review all values carefully. A wrong pool, algorithm, or wallet address can cause you to lose earnings.
5. Place and monitor your order
- Click Place Order to start. Your BTC will begin to be spent as miners fulfill your hashrate order.
- Monitor progress under My Orders:
- Delivered hashrate
- Spent BTC amount
- Order duration
- If performance is low (especially with Standard orders), you can increase the price or stop the order early.
6. Review results and optimize
- After the order finishes, check your pool payout — that is your mining income.
- Compare the payout against your total BTC spent, including fees, to see the actual result.
- Use the data to improve your next order: algorithm choice, pool performance, price strategy.
✅ Quick tips
- Always confirm the pool address, wallet, and algorithm before placing your order.
- Use the correct market region (EU/US) to minimize delay.
- Include the 3% buyer fee and 0.00001 BTC order fee in your profit calculation.
- Start with a small order to test the configuration before scaling up.
- Remember that market prices, difficulty, and pool luck affect profitability.
By following these steps, you can create efficient and well-optimized hashrate orders, minimizing the risk of configuration or cost errors.